Venator Announces Major Investment from SK Capital Partners
08/28/20, 9:38 PM
Location
wynyard
Venator Materials PLC (NYSE: VNTR) ("Venator") today announced that funds advised by SK Capital Partners, L.P. have agreed to purchase approximately 42.5 million shares, representing just under 40% of Venator's outstanding shares, from Huntsman Corporation (NYSE: HUN) for a purchase price of approximately $100 million, including a 30-month option for the sale of Huntsman's remaining approximate 9.5 million shares it holds at $2.15 per share. The transaction is subject to regulatory approvals and is expected to close near year-end.
Company Info
Location
wynyard, saskatchewan, can
Additional Info
Venator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. We market our products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments, timber treatment and water treatment businesses. We operate 24 facilities, employ approximately 4,000 associates worldwide and sell our products in more than 110 countries.